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By Adewale Sanyaolu
Governor Nasir El-Rufai of Kaduna State has advocated a three-prong approach towards solving Nigeria’s energy crises.
The Governor stated this at the 9th edition of the Nigeria Energy Exhibition and Conference held in Lagos at the weekend. El-Rufai said the Nigeria Governors Forum believes that the solution to our enduring electricity supply deficits lies in a three-way collaboration which involves the Federal Government, State Government, and Private sector.
He explained that Nigeria requires for its growth and development, the delivery of affordable, reliable, and sustainable energy for homes and businesses, adding that the expansion of generation, transmission, and distribution capacity in the country needs a sound regulated environment that is market driven.
According to him, the state of the power sector retraces the hoops that informed the Electricity Power Sector Reform Act (EPSRA) that was passed in 2005.
He added that the Act provides for competitive electricity with a strong regulatory oversight role of the Federal Government.
“The situation in the Power sector suggests that why there are significant roles for the State and Federal Government. The Private sector has to be the largest source of investment, management, and know-how for sustainable and affordable electricity provision. The structural bottlenecks must be addressed within a public policy perspective that gives privacy to serious private sector leadership in the power sector.”
Earlier, Exhibition Director, Nigeria Energy, Ade Yesufu, said “At Informa Markets, we bring together all the relevant stakeholders in the relevant sector to hold critical conversations. We have welcomed thousands of visitors during the past three days to not only explore the best strategies to resolving the power challenges but also to build relationships for the sustainable growth of the sector.
By connecting all parties in the Energy sector, the Nigeria Energy Exhibition and Conference has successfully unearthed solutions for the challenges in the sector. Formerly known as Power Nigeria, Nigeria Energy began as a platform to provide a blueprint for Nigeria’s power sector in the coming years to not only improve access to electricity but also drive economic growth and create jobs across West Africa.
